National Affairs: The Dillon Dilemma

Hardly a man alive could reasonably expect to be a Cabinet member, come
Democrat or Republican in the White House. But Republican C. Douglas
Dillon looked forward to being Nixon's Secretary of State or Secretary
of the Treasury. Then President-elect Kennedy asked him to become the
new Administration's Treasury Secretary. Dillon wanted the job, but was
in a tough spot. As Dwight Eisenhower's Under Secretary of State for
Economic Affairs, he would be accused of disloyalty if he turned around
and served an Administration whose campaign platform derided the "high
interest, tight money" policies of his old boss.